OPEC | Egypt Oil & Gas - Part 46
Venezuelan Oil Minister: OPEC Must Act to Prevent $20 Oil
Few countries have felt low oil prices as much as Venezuela. In Tehran the Venezuelan Oil Minister Eulogio Del Pino urged OPEC to act to raise oil prices, which he said could fall to the mid-$20s per barrel with acti ...
Iraq in $30 a Barrel Price War as Investments Stagnate
Iraq may increase oil output further in 2016 as the country prepares to sell some crude grades for as little as $30 a barrel.
UAE Key Stabilizer in Future Oil Markets
"The UAE played a key role in the political stability of this region and the UAE will play ... a key role in the stability of the market," the UAE oil minister Suhail al-Mazrouei was quoted as saying.
OPEC and Experts Say Oil Prices to Recover in 2016
The oil market is expected to become more balanced in 2016 as demand continues to grow, OPEC Secretary-General Abdullah al-Badri announced on Monday.
Oil Prices, Post-Sanction Iran Prompt GCC Maintenance Cost Cutting
Gulf oil producers are delaying some field maintenance until next year to keep production high and reduce costs, forecasting weaker oil prices in 2016.
Oil Price Slides on Weak China Data, Record Russian Output
Oil prices dropped again on Monday in response to weak economic data from China and record-high production figures from Russia.
OPEC Driving US Shale Downturn
The Organization of Petroleum Exporting Countries—OPEC—is driving US oil and gas rigs to some of their lowest levels in a decade, Bloomberg
Saudi Arabia in Cash Flow Crisis
Informed sources told Bloomberg that Saudi Arabia is delaying payments to government contractors thanks to the oil price slump.
